RAM looks to raise extra $350m
Created: Jan 03, 2008 10:00 AM
WASHINGTON (Reuters) - RAM Holdings filed with regulators last Friday to raise up to $350 million by periodically selling debt securities, common and preference shares, and other securities.
The provider of financial guaranty reinsurance said in a filing with the US Securities and Exchange Commission that it would use the proceeds from the offering for general corporate purposes.
Under a shelf registration, a company may sell securities in one or more separate offerings with the size, price and terms to be determined at the time of sale.